Export
Export regulations controlling export of military products.
What is ITAR, International Trafficking in Arms Regulations (US Department of State)
Intellectual Property comes in many forms name 3.
Trade secrets, drawings, pricing, financial data, software, business plans, technical specifications, SOW, failures or system weaknesses.
Financial Accounting Standards Board (FASB) is one of a number of agencies that regulate financial reporting. ATRO implemented ASC Topic 606 in 2014, name the topic covered?
Revenue Recognition.
True/False: Cybersecurity has become a lucrative business
True: attacks are on the rise and ransomware has been effective in forcing payments
To attract and retain talent AES has employees living in other States. Name 5.
AZ, FL, IA, ID, KS, MT, OR, PA, TX , VA, Wi.
REMINDER: Due to tax issue with other States, every employee located in another state must be approved by the ATRO tax department, regardless if someone is presently living there.
Name two ways to export or import information.
What is email, data on laptops, data transmission, drawings, fax, telephone, meetings.
Documents are created to protect IP name 3.
What is PIA/NDA, Agreements, Patents, Employment Agreements, Proprietary legends, Export Controls, Copyrights.
Public Companies reporting to the SEC must provide audited financials. Name the ATRO's audit firm.
Ernst and Young.
Primary attacks come from different sources name 2 or 3 easy targets.
What are: email phishing, infected web sites and unpatched systems.
AP204
True or false: ITAR regulations only cover products designed for military applications.
False: Designed or altered in the slightest for a military application.
IP committees manage and protect IP and trade secrets. Who is the Chair(s) of the AES committee?
Contract Manager and APC or CE Chief Engineer.
True/False: Unavoidable costs relate to work performed under Contract with a Customer.
True: Avoidable costs are incurred as a choice. Contractual work is unavoidable unless the Agreement is breached.
Spear phishing is an easy method to attack end users. Name 2 of 3 reasons it's easy.
What are: cheap, can be directed at the end user, social engineering to lure the user to perform a task.
ATRO has a Conduct and Ethics Policy. Name 3 areas of policy and/or regulations covered.
Compliance with the law, Conflicts of Interest, Harassment, Discrimination, Health and Safety, Insider Trading, Fair Dealing, Political Contributions, etc.
Embargo is an official ban on trade with a country. Name 2 of the 3 current embargoed countries.
What is Cuba, Iran and Syria.
In order to determine if a Memorandum of Invention is a candidate to patent name 3 criteria to consider.
What is, patentability, patent costs, market value, IRR (internal rate of return), blocking, strategic.
For R&D reporting costs need to be captured by certain cost categories. Name 4.
What is: Labor & fringe, materials, equipment, purchased software, travel, contracted services and overhead
True/False, searching the internet is safe and IT has security software to protect computers from being hacked.
False: Although we do have software to guard against security breaches, users can unknowingly insert malware on their computers by visiting sites that are not secure or taking actions such as opening an infected PDF, etc.
True or False: Insiders include directors, officers, employees of Astronics or any Subsidiary. It does not include family or friends.
False: In addition to family and friends it includes professional advisors (accountants, attorneys, investment bankers, etc.)
Jaitai is a seat supplier in China and will be installing EmPower products on airline seats. Name the ECCN classification for these parts.
What is EAR99
IP litigation can be costly, go on for years and impose limitations to a business. Name the year the LHT patent infringement lawsuit began and the product infringing the patent.
What is 2010 and the product in an outlet.
A goal of every audit is to have a clean audit opinion. Name the 2 actions that could lead to a modified opinion.
What are deficiencies in reporting caused by data omissions, material mistakes, willful conduct, violation of internal controls, misleading information.
The Colonial pipeline was recently attacked by ransomware. As a result they paid the criminal ransom group, suffered outages and consumers were hit with price increases. Name 3 of the 4 issues.
System was out for 6 days, impacted a company that provides 45% East Coast fuel, paid $4.4M to the hackers, 100GB of data was taken from Colonial users.
When considered an insider for the purpose of Trading in ATRO stock, name 3 types of inside information considered material to possess. (general public doesn't know until a press release)
Earnings, sales, proposals, customer agreements, debt, criminal charges, civil actions, government investigations, disputes, financial problems, bankruptcy, insolvency, etc.